COSCO SHIPPING Development (02866.HK): Plans to Apply for Registration and Issuance of Corporate Bonds with a Ceiling of RMB 6 Billion

NewTimeSpace · 2026/07/30 07:55 · By Jiayi Sun

NewTimeSpace News: COSCO SHIPPING Development announced on 29 July that its Board of Directors has approved the proposal to apply for registration and issuance of corporate bonds. The Company intends to issue corporate bonds with an aggregate principal amount not exceeding RMB 6 billion to professional investors. The raised funds will be used for repaying interest-bearing debts, supplementing working capital, as well as project construction and operation.

NewTimeSpace News: On 29 July 2026, COSCO SHIPPING Development (02866.HK) issued an announcement. The Company plans to file an application with the Shanghai Stock Exchange and the China Securities Regulatory Commission for the registration of corporate bond issuance. The maximum issuance size shall not exceed RMB 6 billion (inclusive), with a maturity term of no more than 10 years (inclusive). Single-term or mixed multi-term bond varieties may be adopted for public offering targeting professional investors, and the bonds may be issued in one single tranche or multiple instalments.

As disclosed in the announcement, the net proceeds after deducting issuance expenses will be applied to compliant legal purposes including repayment of interest-bearing liabilities, replenishment of working capital, and construction and operation of projects. The bond coupon rate, issuance price and other terms will be determined based on prevailing market conditions.

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